197 N Main St Freeport, NY 11520
Property Lookup
Property profile & analytics
197 N Main St Freeport, NY 11520
- Retail space
- 900 SF
- 0.06 lot acres
Property ID
US63-2761281
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 197 N Main St
- Year built
- 1922
- Construction
- FRAME
- Lot size
- 0.06 lot acres
- Property size
- 900 SF
- Property type
- Retail space
- APN
- 55-261-00-0039
- APU
- 55261000039
Description
This exceptional Freeport, NY retail property presents a unique investment opportunity. Located at 197 N Main St, this fully occupied building boasts two strong tenants: a restaurant and a bakery, ensuring consistent cash flow. The restaurant operates under a newly signed 5-year lease, providing immediate and predictable income. The bakery has committed to a long-term 10-year lease, offering further stability and security for the investor. This is a truly passive investment, as the landlord's responsibilities encompass all property taxes, insurance, water expenses, and crucial structural repairs, including roof maintenance. The property itself sits on a conveniently sized 0.06-acre lot (2,400 square feet), offering ample space. Adding to the property's value is a substantial 900-square-foot basement, providing significant storage or potential for expansion, and a 900-square-foot yard. The asking price for this turnkey investment is $549,000, representing a compelling return on investment given the long-term leases and minimal landlord responsibilities. This is an ideal opportunity for investors seeking a low-maintenance, high-yield property in a desirable location. The property's strong tenant occupancy and long-term lease agreements minimize risk and maximize potential for passive income generation. Don't miss this chance to acquire a stable and profitable retail investment in the thriving Freeport market.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Nassau
- State
- New York
- Longitude
- -73.5864
- Latitude
- 40.6633
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,347
$504
$1,897
$2,401
-
$0.00
$0.00
$240,100
